The flipside of the Asian crisis

Former prop trader and now London-based co-head of global fixed income and currency at GSAM, Philip Moffit runs one of the world's most successful forex funds. Here he gives his views on Asian currencies: Some central banks are your clients, and you regularly talk to them. Do you have a sense the central banks in Asia are still moving out of dollars and into euros? Moffit: That's hard to know, because they say something, but you never know whether they've done it. As a fund manager …